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Insurance and reinsurance briefing: COVID-19 catastrophe appeal, Ukraine aviation and marine disputes, PPI and BI Court of Appeal rulings, UK regulatory updates, EIOPA Solvency II consultations — 3 October 2024

Published on: 03 October 2024

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

Insurance & Reinsurance weekly highlights—3 October 2024

In this issue:

  • Coronavirus (COVID-19) business interruption
  • Ukraine conflict
  • Cases and decisions
  • Types of insurance
  • UK Regulation
  • EU Regulation
  • New and updated content
  • Case trackers
  • Key dates
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

Coronavirus (COVID-19) business interruption

Coronavirus (COVID-19) catastrophe claim (UnipolSai Assicurazioni SpA v Covéa Insurance PLC) — The Italian reinsurer’s bid to overturn Covéa Insurance Plc’s coronavirus business interruption recovery was unsuccessful, with a London appeal court on 30 September 2024 affirming that the pandemic satisfied the policy’s definition of ‘catastrophe’. See News Analysis: Reinsurer loses appeal over £69m coronavirus (COVID-19) catastrophe claim.

Ukraine conflict

Aviation claims — A multi-billion-dollar trial pitting the world’s largest aircraft lessors against their insurers, concerning hundreds of planes remaining in Russia, began in London on 2 October 2024, a dispute that could have significant repercussions for the insurance and reinsurance sector...

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